AGI of $250,200 to $372,700 for Married Filing Joint and Qualifying Widow(er)

AGI of $208,500 to $331,000 for Head of Household

AGI of $125,100 to $186,350 for Married Filing Separate

The exemption amount for taxpayers with AGI in excess of the above maximum phase-out amounts
is $2,433 ($3,650 x 2/3).

-------------------------

The Standard Deduction amounts are:

$ 5,700 for Single

$11,400 for Married Filing Joint and Qualifying Widow(er)

$ 8,350 for Head of Household

$ 5,700 for Married Filing Separate

The additional Standard Deduction amounts for age 65 or older and/or blind are:

$1,400 for Single and Head of Household

$1,100 for Married (Joint and Separate) and Qualifying Widow(er)

The Standard Deduction for a dependent is the greater of $950 or the sum of $300 and the
dependent's earned income, not to exceed $5,700 (plus $1,400 if age 65 or blind).

-------------------------

The reduction for Itemized Deductions for all filers except Married Filing Separate begins
with AGI of $166,800. For Married Filing Separate the reduction begins at AGI of $83,400.

-------------------------

The phase-out ranges for the exclusion of interest earned on US Savings Bonds used for higher
education are:

Modified AGI of $69,950 to $84,950 for Single and Head of Household

Modified AGI of $104,900 to $134,900 for Married Filing Joint and Qualifying Widow(er)

-------------------------

The Standard Mileage Allowance rates are -

55 cents per mile for business travel

24 cents per mile for medical travel

24 cents per mile for travel related to deductible moving expenses reported on Form 3903

14 cents per mile for charitable travel

-------------------------

The maximum Section 179 deduction for first-year expensing of business assets is $133,000.

The dollar-for-dollar phase-out of Section 179 expensing begins when a taxpayer places more than $530,000 of
qualifying assets in service.

-------------------------

The Standard Meal Allowance rates for family day care providers are:

Breakfast = $1.17

Lunch/Dinner = $2.18

Snack = $0.65

Special rates exist for family day care providers in Alaska and Hawaii.

Alaska:

Breakfast = $1.86

Lunch/Dinner = $3.53

Snack = $1.05

Hawaii:

Breakfast = $1.36

Lunch/Dinner = $2.55

Snack = $0.76

A family day care provider can use these
rates for up to one breakfast, one lunch, one dinner, and three (3) snacks per child per day. The rates include beverages,
but do not include non-food supplies such as containers, paper products, or utensils.

The provider can elect to use either the actual expenses or the per diem amounts indicated above, but must use the
selected method for the entire tax year.

A log must be kept indicating the number of
meals and snacks served to each child.

-------------------------

The annual contribution limits for retirement plans are:

$5,000 (plus an additional $1,000 if age 50 or older at the end of 2009) for traditional
and ROTH IRAs

$16,500 (plus an additional $5,500 if age 50 or older at the end of 2009) for 401(k)
and 403(b) plans

$16,500 (plus an additional $5,500 if age 50 or older at the end of 2009) for 457 Plans (Deferred Compensation for
state and local government employees)

$11,500
(plus an additional $2,500 if age 50 or older at the end of 2007) for SIMPLE plans

$49,000
for Defined Contribution KEOGH plans

$49,000
for Self-Employed SEP plans (allowable contribution equal to 25% of net earnings of up to $245,000, which translates to 20%
multiplied by the total of "net earnings from self-employment" from Schedule C, Schedule C-EZ or Form K-1 less the deduction
for 50% of self-employment tax

$195,000
for Defined Benefit pension plans

The compensation limit for participation in a SEP is $550.00.

-------------------------

The
limits for qualified transportation fringe benefits are:

$230
per month for qualified parking

$120
per month for transit passes and transportation in a commuter highway vehicle

-------------------------

The
earnings base for Social Security withholding on wages and the Social Security portion of Self-Employment Tax is $106,800.

The maximum amount of Social Security tax to be withheld from wages is $6,621.60.
The maximum Social Security portion of self-employment tax is $13,243.20.

The Medicare Part B monthly premium will vary depending
on the taxpayers’ income as shown on their 2007 income tax returns and their filing status. If the 2008 income
is lower than the 2007 AND the taxpayer meets certain criteria, the taxpayer can request the premiums be based on the 2008
income. The premium amounts based on income
and filing status are:

1) Under Full Retirement Age - $14,160.00 per year or $1,180.00 per month ($1.00 in
benefits lost for every $2.00 in earnings above the limit).

2) The Year You Reach Full Retirement Age - $37,680.00 per year or $3,140.00 per month
(applies only to earnings for months prior to reaching full retirement age - no limit on earnings beginning the month you
reach full retirement age; $1.00 in benefits lost for every $3.00 in earnings above the limit).

-------------------------

The phase-out ranges for deducting student loan interest are:

Modified AGI of $60,000 to $75,000 for Single, Head of Household and Qualifying Widow(er)

Modified AGI of $120,000 to $150,000 for Married Filing Joint

No deduction is allowed for Married Filing Separate.

-------------------------

The phase-out ranges for an IRA deduction by an active participant in an employer plan are:

Modified AGI of $55,000 to $65,000 for Single or Head of Household

Modified AGI of $89,000 to $109,000 for Married Filing Joint

Modified AGI of $0 to $10,000 for Married Filing Separate

If only one spouse is an active participant in an employer plan the other spouse (whether a working
or non-working spouse) the deduction for the non-active spouse is phased out when AGI is between $166,000 and $176,000.

-------------------------

The contribution limits for a Health Savings Account is the lessor of the annual deductible or
$3,000 for individual coverage or $5,950 for family coverage.

A "high deductible plan" is one that has a deductible of at least $1,100, with a maximum "out of
pocket" of $5,800, for individual coverage, and at least $2,200, with a maximum "out of pocket" of $11,600, for family coverage.

The catch-up contribution for individuals who are Age 55 or older is $1,000.

-------------------------

For purposes of qualifying for an Archer Medical Savings Account, a "high deductible plan" is one
that has a deductible of between $2,000 and $3,000, with a maximum "out-of-pocket" of $4,000, for individual coverage, and
between $4,000 and $6,050, with a maximum "out-of-pocket" of $7,350, for family coverage.

-------------------------

The allowable deduction limitations for long-term care insurance premiums, based on the taxpayer's
age, are:

Age 40 or less = $320

Age 41 - 50 = $600

Age 51 - 60 = $1,190

Age 61 - 70 = $3,180

Age 70 and older = $3,980

-------------------------

If the total Child Tax Credit exceeds the amount of tax liability, the excess credit is refundable
to the extent of the smaller of -

The amount of the Child Tax Credit remaining after reducing regular tax or AMT to "0", or

15% of the taxpayer's earned income in excess of $12,550.

-------------------------

The phase-out ranges for the HOPE and Lifetime Learning Credits are:

Modified AGI of $50,000 to $60,000 for Single, Head of Household, and Qualifying Widow(er)

Modified AGI of $100,000 to $120,000 for Married Filing Joint

The HOPE Education Credit is equal to 100% of the first $1,200 of qualified expenses and 50% of
the next $1,200, for a maximum allowable credit of $1,800.

-------------------------

The amount of the Retirement Savings Crontribution Credit (aka Saver's Credit), which is calculated
on Form 8880, is determined as follows:

SINGLE, QUALIFYING WIDOW(ER), MARRIED FILING SEPARATE-

Modified AGI of $0 to $16,500 = 50%

Modified AGI of $16,501 to $18,000 = 20%

Modified AGI of $18,701 to $27,750 = 10%

Modified AGI of over $27,750 = 0%

HEAD OF HOUSEHOLD-

Modified AGI of $0 to $24,750 = 50%

Modified AGI of $24,751 to $27,000 = 20%

Modified AGI of $27,001 to $41,625 = 10%

Modified AGI of over $41,625 = 0%

MARRIED FILING JOINT-

Modified AGI of $0 to $33,000 = 50%

Modified AGI of $33,001 to $36,000 = 20%

Modified AGI of $36,001 to $55,500 = 10%

Modified AGI of over $55,500 = 0%

-------------------------

The maximum amount of the Adoption Credit, and the maximum amount of employer-provided adoption
assistance benefits that are excluded from taxable income, is $12,150.

The credit is phased out for modified AGI between $182,180 and $222,180.

-------------------------

In order to be eligible to claim the Earned Income Credit investment income cannot exceed $3,100.

-------------------------

The phase-out ranges for contributions to a ROTH Individual Retirement Account (IRA) are:

Modified AGI of $105,000 to $120,000 for Single and Head of Household

Modified AGI of $166,000 to $176,000 for Married Filing Joint and Qualifying Widow(er)